SEC Extends Review Period for ARK 21Shares Bitcoin ETF
The SEC has postponed its decision on the ARK 21Shares Bitcoin ETF till January 10, 2024, marking another delay in the approval process. Amid broader calls for swifter approvals, the SEC's meticulous review approach underscores the regulatory cautiousness enveloping cryptocurrency-based financial offerings.
Coinbase CEO Criticizes Chase UK’s Crypto Transaction Ban
Coinbase CEO, Brian Armstrong, condemns Chase UK's restrictive stance on cryptocurrency transactions, urging UK crypto holders to close their Chase accounts. This move by Chase UK could potentially impede Coinbase's expansion plans in the UK and Europe.
Co-Founder of AirBit Club Sentenced to 12 Years for Cryptocurrency Ponzi Scheme
Pablo Renato Rodriguez, co-founder of AirBit Club, has been sentenced to 12 years in prison for orchestrating a global cryptocurrency pyramid scheme. Co-defendants await sentencing, and the group has been ordered to forfeit approximately $100 million in assets.
Taiwan's Major Crypto Exchanges Form Association to Align with Upcoming Regulations
Taiwan's major crypto exchanges form an industry association to align with upcoming regulations by the Financial Supervisory Commission. The association aims to serve as a unified voice for the industry and facilitate effective communication with the government.
Rollbit Shuts Down Degen EXchange and Rollbot.com Amid Regulatory Concerns
Rollbit has announced the discontinuation of its Degen EXchange and sister site Rollbot.com due to regulatory challenges and low user adoption. However, the company's core product, Rollbit.com, and its $RLB token functionality remain unaffected. The firm also hinted at exciting future releases.
OKX Joins Forces with Solana Mobile
OKX has partnered with Solana Mobile to integrate its Web3 solutions into the dApp store on the Solana Saga smartphone. This partnership aims to enhance mobile access to Web3 and broaden everyday accessibility to decentralized applications and services.
Global Cryptocurrency Exchange Platform Market to Hit $110.12 Billion by 2028
The global cryptocurrency exchange platform market is expected to grow from $45 billion in 2023 to $110.12 billion by 2028, driven by increased demand from crypto gaming and the rise of PlayToEarn games. Blockchain technology's decentralized nature is also gaining traction in decentralized finance platforms and smart contracts. The market is competitive, with North America leading, Europe, APAC, Latin America, and the Middle East & Africa being key growth areas.
Citi Joins BondbloX Bond Exchange as First Digital Custodian
Citi Securities Services has become the first digital custodian participant on the BondbloX Bond Exchange (BBX), the world's first fractional bond exchange. The partnership allows Citi clients to become BBX participants, facilitating the trading of both fractionalized and full-sized bonds. Citi will oversee settlement and custody services. The partnership aims to enhance digital financial market infrastructure, provide transparency, electronic operations, and universal accessibility in the bond market.
Solidus Labs Reports $2 Billion in Wash Trades on Decentralized Exchanges
Solidus Labs has revealed that at least $2 billion worth of cryptocurrency has been wash-traded on Ethereum-based decentralized exchanges (DEXs) since 2020. The study analyzed 30,000 DEX liquidity pools, finding 67% were tainted by wash traders. Solidus Labs has developed tools to identify and counteract market manipulation, including Token Sniffer and DEX-based A-A Wash Trading Detection. The partnership aims to ensure safe crypto trading across both centralized and DeFi markets.
Crypto Exchange Thodex Founder Sentenced to Over 11,000 Years Amid Fraud Allegations
Thodex 's Faruk Fatih Özer has been sentenced to over 11,000 years by the Anatolian 9th High Criminal Court on fraud charges. The Turkish platform's abrupt 2021 shutdown left users without access to $2B in assets, leading to major international scrutiny.